Trip.com Group Stock Sees Rising Relative Strength
On Thursday, online travel booking Trip.com Group stock earned an upgrade to its Relative Strength (RS) Rating, from 65 to 71.
Trip.com Group's (TCOM), stock, received an upgrade in its Relative strength (RS) rating on Thursday. It went from 65 to 71.
Relative price strength is a factor to consider when deciding which stocks to purchase and monitor.
Investor's Business Daily has created an exclusive score that identifies the price performance of stocks. The scores range from 1 (worst), to 99 (best). The rating compares a stock's performance in the past 52 weeks to all other stocks within our database.
The best stocks in history have typically had an RS Rating of 80 or higher at the beginning of their movements. Check if the stock of Trip.com Group can continue to recover and reach that benchmark.
Trip.com Group stock: is it a good buy?
In August, the stock of Trip.com Group failed to break out from a long period of consolidation. The stock has since pulled back under its 50-day average and 200-day average, and is currently not near a possible buy zone. Watch to see if online travel booking stock continues to develop a pattern that could lead to a new movement.
Last quarter, the online travel booking company reported a 0% growth in earnings. Sales rose 159%.
Booking Holdings ADR (BKNG), and Trip.com Group (TCOM), are among the highest-rated stocks in the group.